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STOCK COMPARISON

Morgan Stanley vs Goldman Sachs Group: Fair Value & Quality

Both stocks run through our valuation models. Here is how Morgan Stanley (MS) and Goldman Sachs Group (GS) compare, as of Aug 13, 2026.

As of Aug 13, 2026, Fair Value Calculator sees Goldman Sachs Group as the less overvalued of the two: Morgan Stanley trades at $218 versus a fair value of $139 (-36%), while Goldman Sachs Group trades at $1,037 versus $757 (-27%).
Morgan Stanley
MS · USD · Financials
-36%
upside to fair value
overvalued
Price$218
Fair Value$139
Quality67/100
Goldman Sachs Group
GS · USD · Financials
-27%
upside to fair value
overvalued
Price$1,037
Fair Value$757
Quality53/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Morgan StanleyGoldman Sachs Group
Valuation
20.1×P/E (TTM)17.6×
4.79×P/S (TTM)5.03×
3.14×P/B2.72×
22.1×EV/EBITDA19.6×
2.64×PEG1.57×
1.8%Dividend yield1.5%
$4.00Dividend per share$15.50
Profitability
25%Net margin31%
41%Operating margin42%
16%Return on equity17%
1%Return on assets1%
Growth
16%Revenue growth (YoY)43%
22.5%Avg. growth/yr (3Y)22.1%
18.3%Avg. growth/yr (5Y)18.5%
Balance & size
3.13×Debt / equity2.37×
$351BMarket cap$340B
mixedGrowth qualityexpensive

Goldman Sachs Group leads: 4 to 10 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Morgan Stanleyof which business quality 62 · market factors 74 Goldman Sachs Groupof which business quality 43 · market factors 66
ProfitabilityMargins and returns on capital today
31
29
Quality GrowthAre margins and returns improving?
56
58
CashflowEarnings quality: real cash, not paper profit
100
0
Fin. StrengthBalance sheet, leverage, solvency risk
26
30
InvestmentDisciplined investing over empire-building
82
83
Low VolatilityCalm price path (market factor)
58
51
MomentumPrice trend over the last 3–12 months (market factor)
75
67
52W MomentumDistance to the 52-week high (market factor)
91
80
Net IssuanceBuybacks instead of dilution
96
100

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Morgan Stanley

DCF Models$128
Earnings-Based$211
Dividend Discount$79.85
Multiples$119
Asset-Based$47.42
Growth DCF$330
Economic Profit$95.82

11 of 13 models see the stock below the current price.

Goldman Sachs Group

DCF Models$680
Earnings-Based$818
Dividend Discount$334
Multiples$675
Asset-Based$284
Economic Profit$534

8 of 9 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Morgan Stanley
Bear $76.96Fair Value $139Bull $228
$218 = current price (white tick)
Goldman Sachs Group
Bear $406Fair Value $757Bull $946
$1,037 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Morgan Stanley · Financials

Quality score67 · Top 25%
Fair value upside-36% · below median

Goldman Sachs Group · Financials

Quality score53 · below median
Fair value upside-27% · below median

Bottom line

As of Aug 13, 2026, Fair Value Calculator sees Goldman Sachs Group as the less overvalued of the two: Morgan Stanley trades at $218 versus a fair value of $139 (-36%), while Goldman Sachs Group trades at $1,037 versus $757 (-27%).

Morgan Stanley has the higher quality score (67/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.